Northwest Chapter Turnaround Management Association
- Assets
- $57.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 93-1187336
Organization Overview
Northwest Chapter Turnaround Management Association is located in Portland, OR. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Chapter Turnaround Management Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Northwest Chapter Turnaround Management Association generated $60.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $76.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE NORTHWEST CHAPTER INCLUDES MEMBERS FROM OREGON, WASHINGTON AND VANCOUVER, BC AND CALGARY, ALBERTA CANADA AND IS A CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION (TMA), THE MOST PROFESSIONALLY DIVERSE ORGANIZATION IN THE CORPORATE RESTRUCTURING, RENEWAL, AND CORPORATE HEALTH SPACE. ESTABLISHED IN 1988, TMA HAS ALMOST 10,000 MEMBERS IN 54 CHAPTERS WORLDWIDE. MEMBERS INCLUDE TURNAROUND PRACTITIONERS, ATTORNEYS, ACCOUNTANTS, ADVISORS, LIQUIDATORS, CONSULTANTS, AS WELL AS ACADEMIC, GOVERNMENT EMPLOYEES, AND MEMBERS OF THE JUDICIARY. THE NORTHWEST CHAPTER TMA OFFERS MEMBERS A PROFESSIONAL COMMUNITY THAT SEEKS TO STRENGTHEN THE GLOBAL ECONOMY BY WORKING TO SAVE DISTRESSED BUSINESSES, ASSIST MANAGEMENT TO NAVIGATE OFF-PLAN EVENTS, AND HELP HEALTHY COMPANIES AVOID SIMILAR PITFALLS. THE NORTHWEST CHAPTER SHOWS MEMBERS VALUE BY PROVIDING NETWORKING, EDUCATIONAL RESOURCES, AND CERTIFICATION TO MEMBERS WHETHER THEY PRACTICE AT THE LOCAL, REGIONAL, NATIONAL, OR CROSS-BORDER LEVEL. ALL TMA MEMBERS ARE EXPECTED TO ABIDE BY A CODE OF ETHICS, SPECIFYING HIGH STANDARDS OF PROFESSIONALISM, INTEGRITY, AND COMPETENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brunnquell Director | 0.5 | $0 | |
Stuart Heath Director | 0.5 | $0 | |
Lisa Hiebert Director | 0.5 | $0 | |
Garrett Ledgerwood Director | 0.5 | $0 | |
Huey Lee Director | 0.5 | $0 | |
Katie Mak Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $45,627 |
| Membership dues | $15,093 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,720 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $371 |
| Other expenses | $76,331 |
| Total expenses | $76,702 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,703 |
| Other assets | $0 |
| Total assets | $57,740 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,740 |